Top News

New Delhi: The Modi government on Wednesday demoted Pankaj Dwivedi from Executive Director (ED) to General Manager (GM) at Union Bank of India. The Department of Financial Services under the Ministry of Finance issued a gazette notification and said The central government hereby cancels the appointment of Pankaj Dwivedi as Executive Director Union Bank of India made vide Department of Financial Services notification dated March 27 2024. The government reverted him to his previous post as General Manager in Punjab & Sind Bank. According to PTI quoting sources the government has taken this decision as a case is pending against Dwivedi in the Delhi High Court. In the court it has been noted that his appointment as Executive Director of Union Bank of India violated regulations due to the lack of vigilance clearance. A public interest litigation (PIL) was filed against his appointment last year against his appointment as ED Union Bank of India in the Delhi High Court. In August 2024 a bench led by then Acting Chief Justice Manmohan issued a notice to the Centre the Central Vigilance Commission (CVC) and Dwivedi in response to a PIL. The bench questioned how the appointment was made without the approval of the vigilance authority. All you need to know about Pankaj Dwivedi: Pankaj Dwivedi assumed office as the Executive Director of Union Bank of India on March 27 2024. Before joining Union Bank of India Dwivedi was General Manager in Punjab & Sind Bank. He completed Masters in Business Administration from Symbiosis Institute of Management Studies Pune He is a Certified Associate from Indian Institute of Bankers (CAIIB). He has completed the Executive Certificate Programme in Applied Financial Risk Management from IIM Raipur Pankaj Dwivedi also completed the Leadership Development Programme of IIM Bangalore curated by the Banks Board Bureau in consultation with IBA and Egon Zehnder International Pvt. Ltd.